About the Book

Manufacturing sector has attracted a great deal of attention from policy makers in recent years. The book highlights some of the factors responsible for the changing pattern of growth and employment in manufacturing sector in India. The study shows that physical and social infrastructure is crucial for the growth of an economy due to its effect on the growth and productivity of manufacturing. Similarly, rise in agricultural labour productivity is a major factor causing the shift of workers from agriculture to manufacturing through the demand generated for manufacturing products by increases in agricultural incomes. In contrast, large capital-labour ratios in organised manufacturing are associated with a slowing down of the shift of workers from agriculture to manufacturing.

Out of various infrastructure variables studied, increasing road length is found to be the most effective way to increase the number of factories in rural areas. Investment in rail route, electricity and credit leads to an increase in manufacturing income in rural and urban areas. Improving the level of education also increases income in urban organised manufacturing.

The book would be of interest to students, teachers, researchers and policy makers, alike.

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Contents

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About the Author / Editor

Gursharan Bhalla Rastogi is Associate Professor at Ram Lal Anand (Evening) College, Delhi University.

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